So Nigeria should continue as the dumping round of all kinds of Made in Chuna junk, because Customs want to collect more duty?

Where is the USD to fund that? I am dissapointed that a CEO will push this kind of argument.

We want more local production and export. If China can produce, so can we.

From Sai baba to Kai Baba

Bubuhari n apc is the worst tin 2 happen to Nigeria it's sad hw we arrive here n dis is just d beginning

I recalled in January, same blame occured because of Custom inability to meet her goal.
APC lacks coherent policy, it is obvious that custom generate revenue through importation but the country want to move away from that then how do we expect both goals to be met without proper planning. This is what economic team suppose to achieve.

Another set of congratulations to Boooohari. The man is doing 'such a good job' ruining this economy.

Useless brainless heads. Why will you be complaining of fall in revenue due to import duties, are you not aware of excise duties too? If the Dullard of Daura had put the economy on the right path, Excise duty will be more gainful to us than Import duty.

Era of blames.(EOB)



Do we still remember this old adage that says,A bad Workman always quarrels with his tools?
Let the blaming kontinew

Imagine the report of last quarter of 2015, #230b already lost. That was when Nigeria was still relatively better, just imagine what the first quarter of 2016 will look like.

This Buhari scam FG should brace up to borrow more money to pad their already padded scam budget, because more cash cows will fall short of their projected revenue by the time quarterly reports troop in.

And l vividly remember this customs CG bragging, they will surpass their target, and l laughed in China; 'chin chin chon chii.
For you to be a good manager and leader, you need statistical sense for proactive and realizable projections. When importers are restricted both on accessibility of forex and on certain items previously on Customs list, what do you expect.

Buhari appointed his kinds all around him, people who use common sense rather than proved economic models..

Dee60:

So Nigeria should continue as the dumping round of all kinds of Made in Chuna junk, because Customs want to collect more duty?

Where is the USD to fund that? I am dissapointed that a CEO will push this kind of argument.

We want more local production and export. If China can produce, so can we.

Are you aware that Customs was given a revenue target based on the same 'dumping from China'.

Why was there a revenue target on import duties, why not just restrict it to excise duties and export duties?

Chei, Na wa for this kind of change o.

Dee60:

So Nigeria should continue as the dumping round of all kinds of Made in Chuna junk, because Customs want to collect more duty?

Where is the USD to fund that? I am dissapointed that a CEO will push this kind of argument.

We want more local production and export. If China can produce, so can we.

is it not double standards, you want to ban imports yet want the whole world to embrace your goods...entitlement mentality, Nigeria should focus in exporting raw materials and forget manufactured goods we cannot be a global manufacturing country dependent on NEPA

It is obvious that these people do not know what they are doing, they should humble themselves and start reading Nairaland. This lost of revenue was projected here by so many people when the restriction on import on certain items and CBN policies started. People proffered excellent ideas here on how it could be avoid but they would not listen. Now that the chicks have come home to roast, the blame game has become the order of the day.

So much cluelessness. I find it sad.

This CBN policy, which by the way is Buhari's policy (he has said so on two occassions) is not the best.

I sha hope they know what they are doing.

Where is Rev. Mbaka?

helphelp:
As long as importation is being frustrated

Customs revenue will suffer

Tell them ooo. You want people to produce at home but you cannot give them necessary conditions and soft policies to drive. Yet they want huge revenue. People like Dangote are not the real sectors. The real sectors are the SME. Buhari and co, make una de look for oil money forever. Untill the right incentives is onground nothing will happen.

And who authorises the CBN policies? Why can't this man just say that its the president's policies that have affected Custom's revenue? SMH

Here's your change

For Hameed Ali, the Comptroller General of Nigerian Custom Service
Sir, I had to go to Wikipedia to get you this:
An excise or excise tax (sometimes called a special excise duty) is an inland tax on the sale, or production for sale, of specific goods or a tax on a good produced for sale, or sold, within a country or licenses for specific activities.
Excises are distinguished from customs duties, which are taxes on importation.
So if the revenue from custom duty is falling, it presents us with an opportunity to grow our local industries so that we can increase in Excise duty. I think doing that is far better than calling for increase in importation, just so we could raise the custom duty.

ayusco85:
Since this regime came to power, there hasn't been any cheering news worth been hopeful Dat Nigeria is moving forward. It's always one bad news or the other.

Buhari is truly a dull@rdd of the first order. He shld be impeached with immediate alacrity, or sell Nigeria to China.

We can employ some foreigners to occupy some of these positions. Especially, the presidency, the legislature, judiciary, armed forces, CBN, etc. After all, the president of Bank of England is a Canadian. The above are all jobs with remuneration.

No need to sell the zoo outright. Get some foreigners to keep it. I am very convinced that that albino from the East is right. When the great Fela was singing about zombies, suffering and smiling and all the other prophetic songs, Nigerians thought he was under the influence if ganja. Alas, he saw what was coming decades ago. Soja go, Soja come! From one idiiot to another.

Hamid Ali, a sadist is in custom, so expect that. Buhari and his men will kill Nigeria economy. This is just the beginning of the death of the economy. Chanjii!!! .

Never saw this coming. This is really one chance we are in oh

Never saw this coming. This is really one chance we are in oh. Makes it so clear that all we have in Nigeria as political "leaders" are bunch of Vultures with one single goal/interest.

clefstone:
If u miss GEJ, click like...........


Meanwhile;


The biggest mistake any fool can make is to assume that stealing is not ongoing in the present govt. If the present custom isn't corrupt, one would expect a rise in their revenue or at least a maintenance of the performance of the previous quarter since the plugging of leakages will cushion the effects of forex drop.

Imports have crashed that's why!

grandstar:
Imports have crashed that's why!

the point is that if they r not stealing from the proceeds of import duty, then it should reflect

grandstar:
Imports have crashed that's why!

the point is that if they r not stealing from the proceeds of import duty, then it should reflect since they said the former custom was corrupt

chigoizie7:
Because mosquito is entering your room through the door, u just locked it permanently without opening th window or fixing mosquito nets, forgetting that u will suffocate once u lack oxygen.

APC is just supper clueless

Good analogy. Buhari just happened the economy was managed magically. He looked at all sources of money (not necessarily revenue) and just makes independent decisions without looking at d big picture. Eg. TSA vs banking and domestic economy, CBN vs fx rates & impact on imports, anti corruption fight vs local and even int business. The confusion too much jare.